Announcing Electric Capital’s Newest Partner: Ren
We are excited to announce that Ren has been promoted to Partner at Electric Capital. In keeping with our unique approach of hiring engineers instead of investors, Ren is also an engineer and will continue to ship code along with his investment responsibilities. Ren is an engineer who supports founders to build new, sustainable crypto protocols. Ren invests in emerging technologies that expand what is possible for users. He drove our investments in Tonk, Monad, Ellipsis, and Solana. Tonk uses...
Announcing Electric Capital’s Newest Partner: Ren
We are excited to announce that Ren has been promoted to Partner at Electric Capital. In keeping with our unique approach of hiring engineers instead of investors, Ren is also an engineer and will continue to ship code along with his investment responsibilities. Ren is an engineer who supports founders to build new, sustainable crypto protocols. Ren invests in emerging technologies that expand what is possible for users. He drove our investments in Tonk, Monad, Ellipsis, and Solana. Tonk uses...
Announcing Electric Capital’s New Partner and Head of Founder Platform: Thuan Le
We are excited to announce Thuan Le’s promotion to Partner and Head of Founder Platform at Electric Capital. Thuan Le is the heart of Electric’s Founder Platform. Thuan was Electric’s first employee in 2018. She leads Electric’s founder platform initiatives. Thuan connects founders with the expert resources they need to thrive. She creates opportunities for founders to learn and unwind at Electric’s Founder Summit. She adds a human touch to all of our engagements, from designing custom swag t...
Announcing Electric Capital’s New Partner and Head of Founder Platform: Thuan Le
We are excited to announce Thuan Le’s promotion to Partner and Head of Founder Platform at Electric Capital. Thuan Le is the heart of Electric’s Founder Platform. Thuan was Electric’s first employee in 2018. She leads Electric’s founder platform initiatives. Thuan connects founders with the expert resources they need to thrive. She creates opportunities for founders to learn and unwind at Electric’s Founder Summit. She adds a human touch to all of our engagements, from designing custom swag t...
CFTC Goes After DeFi: Key Takeaways for Founders
On September 7, 2023, the Commodities Futures Trading Commission (CFTC) announced settlements of enforcement actions with 3 decentralized exchanges (DEXs): Opyn, ZeroEx, and Deridex. The CFTC grouped the enforcement actions together, even though each has different facts. The CFTC charged Deridex and Opyn with operating unregistered commodities futures exchanges because they offered swaps via perpetual futures (on Deridex) and oSQTH (on Opyn), a token that tracked the price of ETH squared (Squ...
CFTC Goes After DeFi: Key Takeaways for Founders
On September 7, 2023, the Commodities Futures Trading Commission (CFTC) announced settlements of enforcement actions with 3 decentralized exchanges (DEXs): Opyn, ZeroEx, and Deridex. The CFTC grouped the enforcement actions together, even though each has different facts. The CFTC charged Deridex and Opyn with operating unregistered commodities futures exchanges because they offered swaps via perpetual futures (on Deridex) and oSQTH (on Opyn), a token that tracked the price of ETH squared (Squ...
What the SEC's lawsuits against Binance and Coinbase mean for crypto
The SEC has sued Binance and Coinbase for operating unregistered securities exchanges and offering unregistered securities, including their staking programs. Coinbase also faces 10 companion state cases relating only to its staking program for retail users. The two SEC actions differ in fundamental ways: the SEC alleges that Binance and its founder engaged in fraud, manipulative trading, and self-dealing, whereas the Coinbase allegations are limited to technical securities violations; there a...
What the SEC's lawsuits against Binance and Coinbase mean for crypto
The SEC has sued Binance and Coinbase for operating unregistered securities exchanges and offering unregistered securities, including their staking programs. Coinbase also faces 10 companion state cases relating only to its staking program for retail users. The two SEC actions differ in fundamental ways: the SEC alleges that Binance and its founder engaged in fraud, manipulative trading, and self-dealing, whereas the Coinbase allegations are limited to technical securities violations; there a...
Proposed Digital Asset Market Structure Bill
On Friday, June 2, 2023, Representatives McHenry and Thompson released a digital asset market structure draft proposal. The House Financial Services Committee leadership published both text of the discussion draft and a section-by-section summary. This joint effort between the majority members of the House Financial Services and Agriculture Committees is a significant attempt at comprehensive US regulation for digital assets. The Proposal uses existing securities and commodities laws to regul...
Proposed Digital Asset Market Structure Bill
On Friday, June 2, 2023, Representatives McHenry and Thompson released a digital asset market structure draft proposal. The House Financial Services Committee leadership published both text of the discussion draft and a section-by-section summary. This joint effort between the majority members of the House Financial Services and Agriculture Committees is a significant attempt at comprehensive US regulation for digital assets. The Proposal uses existing securities and commodities laws to regul...
